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INTRODUCTION TO ECONOMIC STATISTICS
ECON 3818-100
Professor Byung-Joo Lee
Phone: 492-2108
Fall 1994
Office: Econ 102
Office Hours: MW 10:00-11:30
DESCRIPTI ON: This course teaches introductory economic statistics and econometric theory widely used for
the real world applications. The primary objective of this course is to provide the solid
understandings of the statistical concepts related to the economics and the business applications.
Computer application of real economic data will also be emphasized. This course is designed
primarily for the business and economics undergraduate students who want to understand the
basic statistical techniques of real economic analysis.
PREREQUISITE:
Math 1070 and 1080, Econ 2010 & 2020 or equivalent knowledge.
TEXTBOOK: Allan S. Caniglia, Statistics for Economics: An Intuitive Approach, HarperCollins Publishers,
1992.
ORGANIZATION:
Two lectures and one recitation section per week. Two midterm exams and one final
examination. Each exam will be comprehensive. No make-up exam will be scheduled.
Homework problems will be assigned at the conclusion of each te>..1book chapter. Midterms and
final exam questions will resemble them. Recitation section will emphasize on computer
,
application and problem solving.
GRADING:
20 % for each midterm exam, 40 % for the final exam, and the remaining 20 % for the homework
assignments.
TENTATIVE COURSE OUTLINE
Week
Topics
Chapters
1-2
2-3
4
5-6
6
Introductionffechnical Background
Descriptive Statistics
Sampling and Basic Inference
Probability Theory and Distribution
First Midterm
1-2
3
4
5-7
1-7
7-8
9
10
11
12
12
Distributions of Random Variables
Sampling Theory
Estimation
Confidence Intervals
Hypothesis Testing
Second Midterm
8
9
10
11
12
1-12
13-14
14-15
Final Week
Two Variable Regression Model
Multiple Regression
Final Exam
13
14
1-14